Rainbow Tours (RBW) investor relations material

Executive summary

• Consolidated sales revenue for Q1 2026 reached PLN 884.3m, up 1.7% year-over-year, with a net profit of PLN 43.6m, down 24.5% from Q1 2025, reflecting the impact of Middle East geopolitical events and seasonality.

• The company maintained a strong cash position (PLN 409.9m at quarter-end) and increased its financial debt to PLN 255.7m, mainly due to higher customer prepayments and credit line utilization.

Financial highlights

• Q1 2026 consolidated revenue: PLN 884.3m (+1.7% y/y); net profit: PLN 43.6m (-24.5% y/y).

• Gross margin: 16.7% (down from 17.4% in Q1 2025); EBITDA: PLN 63.6m (down from PLN 75.6m y/y).

• Operating profit (EBIT): PLN 55.7m (down from PLN 69.8m y/y); net margin: 4.93% (vs. 6.63% y/y).

• Cash and equivalents: PLN 409.9m (up from PLN 310.0m y/y); financial debt: PLN 255.7m.

Outlook and guidance

• Pre-sales for summer 2026 increased by 9.1% year-over-year, indicating strong demand despite regional disruptions.

• The company expects continued growth in the core tour operator segment and further expansion of its proprietary hotel network, with flexibility to adjust offerings in response to geopolitical risks.